DowU_nder neckline? Possible SHS & ABCD targets....if!
Dow Utilities could setup a classic SHS pattern (in orange and target in yellow) with a neckline around the 527 handle.
Left and right shoulder are now at the same highs with a 61.8 retracement of the head - at the 577 handle.
The other pattern is a harmonic ABCD patern (in blue) with a target at the 510 handle
Momentum on the MACD histogram is decreasing
Will it play out....time will tell...as always
Safe trading L&G
@BLawrenceM
Music at work:
www.youtube.com/watch?v=XfR9iY5y...
open.spotify.com/tra...RVKt5Edm1zl0rXhPJZxz
Left and right shoulder are now at the same highs with a 61.8 retracement of the head - at the 577 handle.
The other pattern is a harmonic ABCD patern (in blue) with a target at the 510 handle
Momentum on the MACD histogram is decreasing
Will it play out....time will tell...as always
Safe trading L&G
@BLawrenceM
Music at work:
www.youtube.com/watch?v=XfR9iY5y...
open.spotify.com/tra...RVKt5Edm1zl0rXhPJZxz